Paul Steven Singerman is Co-Chair of Berger Singerman and concentrates his practice in troubled loan workouts, insolvency matters and commercial transactions. Paul is active throughout the United States in large and complex restructuring, insolvency and bankruptcy cases. Although Paul is best known for his representation of debtors in complex restructuring cases, he is also experienced in representing creditors' committees, lenders, large unsecured creditors, asset purchasers in § 363 sales and trustees. Much of his work has involved companies with international operations or European or Asian parties-in-interest.
Paul's most recent representations include the Official Committee of Unsecured Creditors Taylor, Bean & Whitaker Mortgage Corp. (TBW). Prior to its bankruptcy, TBW was the largest independent mortgage originator in the United States. Headquartered in Ocala, Florida, TBW employed approximately 2,500 people across the United States in its main business and employed another 1,500 people in various subsidiaries. This case involves approximately $5 billion in claims. Additionally, Paul served as counsel to Judge Herbert Stettin as Chapter 11 Trustee for the law firm of Rothstein, Rosenfeldt & Adler, P.A. This case is reported to be the largest Ponzi scheme in Florida history and involves approximately $1.2 billion in claims. The confirmed plan is expected to provide distributions to all non-subordinated general unsecured creditors representing the full amount of their allowed claims.
Paul is ranked in Chambers & Partners USA, America's Leading Business Lawyers in Bankruptcy/Restructuring (2003-2013) and recognized as a "Star Individual". Paul is the only bankruptcy lawyer in the state of Florida in five consecutive years to receive Chambers' highest ranking. Paul is also ranked nationwide for Bankruptcy/Restructuring and is one of two lawyers in the state of Florida to be included in the nationwide rankings. Additionally, Paul is ranked globally in Bankruptcy in Chambers & Partners Global, The World's Leading Lawyers for Business (2013). Furthermore, Paul was elected as a Fellow of the American College of Bankruptcy in November 2002, and was inducted into the College on March 29, 2003.